Origins of the Federal Reserve System: Money, Class, and Corporate Capitalism, 1890-1913The rise of corporate capitalism during the late 19th and early 20th centuries has long been a source of lively debate among historians. In Origins of the Federal Reserve System, James Livingston approaches this controversial topic from a fresh perspective, asking how, during this era, a "new order of corporation men" made itself the preeminent source of knowledge on all significant economic issues and thereby changed the character of public and political discourse in the United States. The book seeks to uncover the roots of the Federal Reserve System and to explain the awakening and articulation of class consciousness among America's urban elite, two phenomena that its author sees as inseparable. According to Livingston, the movement for banking and monetary reform that led to the creation of the Federal Reserve System played an important role in the general transition from entrepreneurial to corporate capitalism: it was during this struggle for reform that a group of business leaders first emerged as a new corporate social class. This interdisciplinary account of the social, cultural, and intellectual Origins of the Federal Reserve System offers both a discussion of the sources of modern public policy and a persuasive study of upper-class formation in the United States. The book will interest a wide audience of historians, economists, political scientists, sociologists, and others who wish to understand the rise of America's corporate elite, the class that has played a large-if not dominant-role in 20thcentury America. |
Contents
Preface | 9 |
Banking Reform in Theory and History | 17 |
The Decline of CompetitiveEntrepreneurial Capitalism | 31 |
The Emergence of Corporate Capitalism | 49 |
From Countercyclical Theory and Practice to Sound | 95 |
The Making of the Gold Standard | 103 |
Toward a Central Banking | 127 |
Forging a Consensus on Central Banking 19068 | 159 |
The National Monetary Commission and the New Agenda | 188 |
Money Class and Politics | 213 |
APPENDIXES | 235 |
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Origins of the Federal Reserve System: Money, Class, and Corporate ... James Livingston Limited preview - 2018 |